PNC Financial Services Group Inc (PNC) Shares Bought by Gotham Asset Management LLC

Gotham Asset Management LLC lifted its holdings in PNC Financial Services Group Inc (NYSE:PNC) by 19.7% in the 4th quarter, HoldingsChannel reports. The fund owned 6,626 shares of the financial services provider’s stock after buying an additional 1,089 shares during the period. Gotham Asset Management LLC’s holdings in PNC Financial Services Group were worth $956,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Community Bank N.A. raised its position in shares of PNC Financial Services Group by 75.8% in the 4th quarter. Community Bank N.A. now owns 5,975 shares of the financial services provider’s stock worth $862,000 after acquiring an additional 2,576 shares in the last quarter. California Public Employees Retirement System raised its position in shares of PNC Financial Services Group by 1.6% in the 3rd quarter. California Public Employees Retirement System now owns 1,407,491 shares of the financial services provider’s stock worth $189,688,000 after acquiring an additional 22,434 shares in the last quarter. Lazard Asset Management LLC raised its position in shares of PNC Financial Services Group by 37.1% in the 4th quarter. Lazard Asset Management LLC now owns 229,404 shares of the financial services provider’s stock worth $33,100,000 after acquiring an additional 62,048 shares in the last quarter. Stifel Financial Corp raised its position in shares of PNC Financial Services Group by 52.8% in the 3rd quarter. Stifel Financial Corp now owns 385,627 shares of the financial services provider’s stock worth $51,963,000 after acquiring an additional 133,232 shares in the last quarter. Finally, AXA raised its position in shares of PNC Financial Services Group by 2.1% in the 3rd quarter. AXA now owns 337,039 shares of the financial services provider’s stock worth $45,423,000 after acquiring an additional 6,903 shares in the last quarter. 82.24% of the stock is owned by hedge funds and other institutional investors.

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Shares of NYSE:PNC opened at $151.24 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.93 and a quick ratio of 0.92. The company has a market cap of $71,323.27, a price-to-earnings ratio of 17.79, a P/E/G ratio of 1.40 and a beta of 0.90. PNC Financial Services Group Inc has a 52 week low of $115.45 and a 52 week high of $163.59.

PNC Financial Services Group (NYSE:PNC) last issued its quarterly earnings data on Friday, January 12th. The financial services provider reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.09. The firm had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.15 billion. PNC Financial Services Group had a return on equity of 9.51% and a net margin of 29.60%. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.97 EPS. analysts expect that PNC Financial Services Group Inc will post 10.53 EPS for the current year.

Several research firms have recently weighed in on PNC. Wells Fargo set a $157.00 price objective on PNC Financial Services Group and gave the stock a “hold” rating in a research report on Tuesday, January 16th. Argus boosted their target price on PNC Financial Services Group to $170.00 and gave the company a “buy” rating in a research report on Tuesday, January 16th. Oppenheimer reaffirmed a “hold” rating on shares of PNC Financial Services Group in a research report on Tuesday, January 16th. Bank of America boosted their target price on PNC Financial Services Group from $160.00 to $166.00 and gave the company a “buy” rating in a research report on Tuesday, March 13th. Finally, BMO Capital Markets reaffirmed a “buy” rating on shares of PNC Financial Services Group in a research report on Thursday, January 25th. Nineteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. PNC Financial Services Group currently has a consensus rating of “Hold” and an average target price of $146.89.

In other PNC Financial Services Group news, insider Michael J. Hannon sold 8,011 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $154.20, for a total transaction of $1,235,296.20. Following the completion of the sale, the insider now directly owns 58,820 shares of the company’s stock, valued at approximately $9,070,044. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.38% of the company’s stock.

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About PNC Financial Services Group

The PNC Financial Services Group, Inc is a diversified financial services company. The Company has businesses engaged in retail banking, including residential mortgage, corporate and institutional banking and asset management. The Company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock.

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Institutional Ownership by Quarter for PNC Financial Services Group (NYSE:PNC)

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